4203 Council Street, Los Angeles, CA 90004

Los Angeles
Local realty services provided by:ERA Donahoe Realty
4203 Council Street,Los Angeles, CA 90004
$5,195,000
  • 18 Beds
  • 18 Baths
  • 8,678 sq. ft.
  • Multi-family
  • Active
Listed by: nick astrupgaard, rich johns
Office: kw commercial studio city818-432-1500
MLS#:26986945
Source:CRMLS

Price summary

  • Price:$5,195,000
  • Price per sq. ft.:$598.64

About this home

2nd Price Reduction! Fully renovated 18-unit apartment building delivering an attractive 8% Cap Rate from day one. This offering provides investors with the opportunity to acquire a turnkey, premium asset with strong in-place income. 16 fully renovated units from the studs in 2023 with permits, along with 2 brand-new detached ADUs (Not subject to RSO) constructed in 2024. The unit mix includes eighteen (18) spacious and well-designed one-bedroom, one-bathroom apartments totaling approximately 8,677 square feet of improvements on a 7,700 square foot LAR3-zoned lot. The property is separately metered for gas and electricity to further minimize the operating expenses. Ownership has completed a comprehensive, permitted renovation, including a new roof, upgraded plumbing and electrical systems, new panel and wiring, updated HVAC systems, and new windows throughout. Interiors feature new wood flooring, modern lighting, and fully upgraded kitchens and bathrooms with new cabinetry,...

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Home facts

  • Year built:1923
  • Listing ID #:26986945
  • Added:15 day(s) ago
  • Updated:September 26, 2026 at 10:50 AM

Rooms and interior

  • Bedrooms:18
  • Total bathrooms:18
  • Living area:8,678 sq. ft.

Structure and exterior

  • Year built:1923
  • Building area:8,678 sq. ft.
  • Lot area:0.18 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$5,195,000
  • Price per sq. ft.:$598.64

Parking

  • Parking description:On Street
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